Reference no: EM133019162
Question - Ayayai Inc. had net income for 2020 of $5,740,000. The company had 2,280,000 of common shares outstanding throughout the year. During 2020, Ayayai paid dividends on the common shares of $0.15 per share. Average common shareholder equity was $31,920,000, and the market value of the shares on December 31, 2020 was $18 per share.
Ayayai Inc. also had 84,000 shares outstanding of cumulative, $5, no-par value preferred shares. The shares were outstanding for the full year, and dividends had been kept current for the past several years.
Required - Calculate the following ratios for Ayayai Inc.:
(a) Rate of return on common shareholders' equity%
(b) Payout ratio %
(c) Price earnings ratio times
(d) Book value per share $ per share
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